<blockquote>
<ul>
<li>市场对理想汽车最新更新的理想 L9 车型反应平淡，导致其港股股价大跌 13%。</li>
<li>花旗集团表示，新车型并非颠覆性产品，而摩根士丹利则看到了其提升销量的潜力。</li>
</ul>
</blockquote><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051802403293.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051802403293.jpg"/></p><p>（2026 年 4 月北京车展上展示的理想 L9 Livis。图片来源：CnEVPost）</p><p>理想汽车（HKEX: 2015）在其更新版理想 L9 旗舰 SUV（运动型多用途车）发布后股价大跌，因为投资者似乎对这款旨在重振销售势头的新车型缺乏信心。</p><p>截至目前，理想汽车在港股价已下跌 13%，至每股 65.75 港元，创下近几个月来最大的盘中跌幅之一。</p><p>这家汽车制造商于 5 月 15 日正式发布了更新版的理想 L9，新增高端 Livis 版本，起售价为 509,800 元（74,862 美元）。</p><p>加入我们的 Telegram 或 Google News</p><p>理想 L9 Livis 的最终定价比其预售价低 50,000 元。升级后的 Ultra 版本起售价为 459,800 元。</p><p>花旗分析师在一份报告中指出，升级后的 L9 并非颠覆性产品。他们认为，其实际性价比仅与同类产品持平。</p><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051802402678.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051802402678.jpg"/></p><p>花旗预计，理想 L9 Livis 版本月销量为 1,000 辆，Ultra 版本为 4,000 辆。该行维持对该公司 “中性” 评级。</p><p>相比之下，摩根士丹利对该车型持更积极看法。该行认为，更新后的理想 L9 对于理想汽车重拾销售势头至关重要。</p><p>摩根士丹利预计，新款理想 L9 的月销量将超过去年的平均水平。然而，该行警告称，六座 SUV 市场竞争激烈，几乎不容许任何执行失误。</p><p>理想 L9 Livis 配备了两颗由理想汽车自主研发的智能驾驶芯片。这为车辆应对复杂路况提供了强大的计算能力。</p><p>新车搭载理想汽车第三代增程器和 72.7 千瓦时电池组。在满油满电状态下，其综合续航里程可达 1,650 公里。</p><p>理想汽车计划于 2026 年第三季度推出理想 L9 的国际版，首批将登陆中亚和中东等海外市场。</p><p>理想 L9 最初于 2022 年发布，曾是国内车企最昂贵的车型之一。随着竞品增多，去年该车型的交付量同比下滑近一半。</p><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051509491597-768x432.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051509491597-768x432.jpg"/></p><p>理想汽车推出更新版 L9 以重振旗舰 SUV 销量，国际版将于第三季度推出</p><p>理想汽车重点推出了高端的理想 L9 Livis 版本，起售价为 509,800 元（74,940 美元），比其预售价低 9%。</p><p>（1 美元 = 6.8099 元人民币）</p>

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<p>理想汽车发布新款 L9 SUV 后，其在港股价下跌 13%，反映出市场反应平淡。花旗分析师认为该车型并非颠覆性产品，预测 Livis 版本月销量为 1,000 辆。相比之下，摩根士丹利看到了销售复苏的潜力，但警告称竞争将十分激烈。新款 L9 配备了先进技术，旨在重获市场关注，国际版预计将于 2026 年第三季度推出</p>

<blockquote>
<ul>
<li>Li Auto tumbles 13% in Hong Kong on a muted market response to its newly updated Li L9 model.</li>
<li>Citi said the new model is not a game changer, while Morgan Stanley sees its potential to boost sales.</li>
</ul>
</blockquote>
<div class="lb-trans"><blockquote>
<ul>
<li>市场对理想汽车最新更新的理想 L9 车型反应平淡，导致其港股股价大跌 13%。</li>
<li>花旗集团表示，新车型并非颠覆性产品，而摩根士丹利则看到了其提升销量的潜力。</li>
</ul>
</blockquote></div><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051802403293.jpg" alt="" original-src="https://cnevpost.com/wp-content/uploads/2026/05/2026051802403293.jpg"/></p>
<p>(A Li L9 Livis on display at the Beijing Auto Show in April 2026. Image credit: CnEVPost)</p>
<div class="lb-trans"><p>（2026 年 4 月北京车展上展示的理想 L9 Livis。图片来源：CnEVPost）</p></div><p>Shares of Li Auto (HKEX: 2015) plunged following the launch of its updated Li L9 flagship SUV (sport utility vehicle), as investors appeared unconvinced by the new model aimed at reviving sales momentum.</p>
<div class="lb-trans"><p>理想汽车（HKEX: 2015）在其更新版理想 L9 旗舰 SUV（运动型多用途车）发布后股价大跌，因为投资者似乎对这款旨在重振销售势头的新车型缺乏信心。</p></div><p>Li Auto shares in Hong Kong have tumbled 13% to HK$65.75 apiece so far, marking one of its steepest intraday drops in recent months.</p>
<div class="lb-trans"><p>截至目前，理想汽车在港股价已下跌 13%，至每股 65.75 港元，创下近几个月来最大的盘中跌幅之一。</p></div><p>The automaker officially rolled out the updated Li L9 on May 15, adding a higher-end Livis version with a starting price of 509,800 yuan ($74,862).</p>
<div class="lb-trans"><p>这家汽车制造商于 5 月 15 日正式发布了更新版的理想 L9，新增高端 Livis 版本，起售价为 509,800 元（74,862 美元）。</p></div><p>Join us on  Telegram  or  Google News</p>
<div class="lb-trans"><p>加入我们的 Telegram 或 Google News</p></div><p>The final pricing for the Li L9 Livis is 50,000 yuan lower than its pre-sales price. The upgraded Ultra version starts at 459,800 yuan.</p>
<div class="lb-trans"><p>理想 L9 Livis 的最终定价比其预售价低 50,000 元。升级后的 Ultra 版本起售价为 459,800 元。</p></div><p>Citi analysts noted in a report that the upgraded L9 is not a game changer. They believe its actual value-for-money merely aligns with that of its peers.</p>
<div class="lb-trans"><p>花旗分析师在一份报告中指出，升级后的 L9 并非颠覆性产品。他们认为，其实际性价比仅与同类产品持平。</p></div><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051802402678.jpg" alt="" original-src="https://cnevpost.com/wp-content/uploads/2026/05/2026051802402678.jpg"/></p>
<p>Citi expects monthly sales of 1,000 units for the Li L9 Livis and 4,000 units for the Ultra version. The bank maintained its &#34;Neutral&#34; rating on the company.</p>
<div class="lb-trans"><p>花旗预计，理想 L9 Livis 版本月销量为 1,000 辆，Ultra 版本为 4,000 辆。该行维持对该公司 “中性” 评级。</p></div><p>Morgan Stanley held a more positive view on the model by contrast. The bank believes the updated Li L9 is crucial for Li Auto to regain sales momentum.</p>
<div class="lb-trans"><p>相比之下，摩根士丹利对该车型持更积极看法。该行认为，更新后的理想 L9 对于理想汽车重拾销售势头至关重要。</p></div><p>Morgan Stanley expects monthly sales of the new Li L9 to surpass last year's average. However, the bank warned of fierce competition in the six-seat SUV market, leaving almost no room for execution missteps.</p>
<div class="lb-trans"><p>摩根士丹利预计，新款理想 L9 的月销量将超过去年的平均水平。然而，该行警告称，六座 SUV 市场竞争激烈，几乎不容许任何执行失误。</p></div><p>The Li L9 Livis is equipped with two smart driving chips developed in-house by Li Auto. This provides the vehicle with powerful computing capabilities for complex road conditions.</p>
<div class="lb-trans"><p>理想 L9 Livis 配备了两颗由理想汽车自主研发的智能驾驶芯片。这为车辆应对复杂路况提供了强大的计算能力。</p></div><p>The new vehicle features Li Auto's third-generation range extender and a 72.7 kWh battery pack. Its combined range can reach up to 1,650 kilometers on a full charge and a full tank.</p>
<div class="lb-trans"><p>新车搭载理想汽车第三代增程器和 72.7 千瓦时电池组。在满油满电状态下，其综合续航里程可达 1,650 公里。</p></div><p>Li Auto plans to launch an international version of the Li L9 in the third quarter of 2026, with the first batch landing in overseas markets including Central Asia and the Middle East.</p>
<div class="lb-trans"><p>理想汽车计划于 2026 年第三季度推出理想 L9 的国际版，首批将登陆中亚和中东等海外市场。</p></div><p>The Li L9 was initially launched in 2022 and was once one of the most expensive models from a domestic automaker. As rival products increased, the model's deliveries slumped by nearly half year-on-year last year.</p>
<div class="lb-trans"><p>理想 L9 最初于 2022 年发布，曾是国内车企最昂贵的车型之一。随着竞品增多，去年该车型的交付量同比下滑近一半。</p></div><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051509491597-768x432.jpg" alt="" original-src="https://cnevpost.com/wp-content/uploads/2026/05/2026051509491597-768x432.jpg"/></p>
<p>Li Auto launches updated L9 to revive flagship SUV sales, international version to roll out in Q3</p>
<div class="lb-trans"><p>理想汽车推出更新版 L9 以重振旗舰 SUV 销量，国际版将于第三季度推出</p></div><p>Li Auto highlighted the higher-end L9 Livis, starting at 509,800 yuan ($74,940), which is 9% lower than its pre-sales price.</p>
<div class="lb-trans"><p>理想汽车重点推出了高端的理想 L9 Livis 版本，起售价为 509,800 元（74,940 美元），比其预售价低 9%。</p></div><p>($1 = 6.8099 yuan)</p>
<div class="lb-trans"><p>（1 美元 = 6.8099 元人民币）</p></div>

Li Auto shares plunge in Hong Kong after updated L9 SUV launch

- 理想汽车在香港股市上跌幅达 13%，投资者对新款 L9 SUV 反应冷淡。  
- Citi 认为新款 L9 不会改变市场格局，预计月销达 1,000 台。  
- 摩根士丹利则看好新款 L9 对销售的推动潜力。

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理想汽车发布新款L9 SUV后，港股股价大跌